November 2, 2011
Global Fund Cuts $95M in Grants to China
The Global Fund to Fight AIDS, Tuberculosis and Malaria will cut $95 million in grant money to China, the world’s second largest economy, The Washington Post reports. Recent negotiations suggest that China will assume responsibility for about one third of the $270 million in fund grants meant to build China’s capacity to combat the spread of HIV and other diseases. The Global Fund has faced donor scrutiny and criticism over misuse of money and allegations of fraud cases at the country level. This has forced the fund to rethink its grants to China at a time when many other nations are in worse financial shape.
To read the Post article, click here.
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